Liquidity-rich Arab banks have been quietly participating in commodity trade finance, which until recently, was dominated by a handful of French banks that provided credit lines to top trading houses such as Glencore, Vitol and Cargill.
Industry executives said that some banks were exploring ways if they could structure commodity trade finance to make the loans compliant with sharia, or Islamic law, to increase the appeal of the product. Islamic finance is one of the fastest-growing sectors of the global financial system...............................................Full Article: Source